The Colegrave Seabrook Foundation Report and Financial Statements Year Ended 31 December 2025 Charity Registration Number 1017289
The Col4ravè Seabr(K>k Foundation Reference and admini5trati¥e infomialion Trustees S Lowen (Chair of Trustee31 J Colegrave A Ball A Dunnett NGOW T Kerlev R Seabrook N SteSn N Higginson C Burton Prlncipal Office 44 Holland Street, London, W8 4LX Bankers Barclays Bank plc, Leicester, Leicestershire LE87 288 Metro Bank plc, i Solrthampton Row. London. WCIB SHA Investment ManaEers Cazenove Capltal, Schroder & Co Limited, l London Wall Place, London EC2Y SAU
The Colegrniè S•abrook Foundation Report ofthe trustees for the year ended 31 December 2025. Thp rrii%rgg< prgsgnr rhpir AnniJAI rppnrt And finAnriAI £tatpmpntE of thp charity for thg yp.3r ended 31 December 2025 and confirn) that they comply with the charl5 trust dee(l and the Charities Act 2011. The accounts have been prepared in accordèntt with accountin8 policies set out in Note 2 to thc account= Thc Trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to Charities preparing their accounts in accordance wsth the Financial Reporting Standard applicable in the UK and Republic of Irel3nd IFRS 1021. Structure, Governance, and Management The Foundation is a charity registered with the Charity CommSssion. number 1017289, and is constituted under a trust deed dated 14 January iyys, as amended by deeds dated i July 21XJ2 and lo November 2020. The Foundatlon was established in 1993 in recognition of David Colegrave. a prominent horticultLtralist who throughout his life had taken a keen interest in supporting and promoting the development of young people. The trustees meet twicg 3 yg•r to ¥8r•• strat•8y 2nd ar•as of activity for thg Foundation, includin8 the awardlng of scholarships and bursaries, investment review. risk management and performance. Obj•rtiv•s •nd Actlvltl•s The purpose of the Foundation is to support the development of the ornamental hortitultural industry In the United Kingdom by financing and supportin8 xholarships and bursaries for students interested in pursuing a career in thi5 The Foundation furthers its charitable purposes for the public benefit through its scholarship 8rantin8 poliry which aim5 at.. financing scholarships to indlviduals studying or teathing hortlculture in the UK,. and providing bursaries for international nursery work placements and horticultural study tours. Public Benefit The Trustees confirm that they have complled with the duty in section 17151 of the 2011 Charities Act to have due regard to 8uidance issued by the Charity Commission on public benefit when deciding on the chariVs activitie5. Achievement and Performance As the only charity dedicated to supportiri8 educ*ion in horticulture, we are totally reliant on the support of our industryi individu415 and cornpenies elon8 Wtih the ¢onsiderable input and dedication of our TruJtee- to makc it all happen. We continue to have an impatt on the livès and careers of new professional horticulturalists in their career development. This is beinR increasingly recognised by a growing nL¢mber in our industry and through the continued hard work of our Tru5tee5 in promoting theworkof the Foundation through their links withthe industry and promotion of the charty at events includinE exhibitions and conferences. In addition to our direct support of 16 students in 2025. we have also embarked on our support for a group YPHA Iyoung People in Horticulture Associationl who are undertaking a Management Development training programme for an initial 12 of their members. These 'siudents' are all involved at various levelJ of martagcmcnt in th¢ir family businesses, companies and organisations and have responsibility for the employment of others as well as a number of the individuals who also have roles in running the YPHA organisation.
Tho Colwa¥@ S@AbroDk Faundxtlon As a charity, by raising our pmfile wtthin our settor, we have a150 been fortunate to attract some 'one off donation during this year which add to our income. This allows us to continue and extend our core artivity of creatinE and granting scholarships for students of horticulture. We have brought further focus to our Named Fund strate8y and have also relaunched our Legacies fund which ha5 included a generou5 donation allowing us to set up a new scheme. The Robert Tannahlll Travel scholarship. Our Trustees remain alert to the opportunities that can be created through thi$ of$upport. We continue to review the 5ki11s and input of our Trustee board against our perceived needs and challenge5. In this year we have seert the retirement of one of our IoA8St3ndin8Trust•es. Ni8el Wait, and tske this opportunity to record our thanks to him for his generosity of time and resource over the many year5 of his input. We have 3150 recruited hvo new Trustee5, both with ski115 and links in our industry where we felt we could benefit. We welcome Christine Burton and Sarah Want to our team. Our Ilmitations are time (working Trustees) and the funds we can raise. and without our supporters and sponsors we would not be able to see the achievements we do. uur'gratelul thanks to all who give their suprort to our attivities. The Trustees have met face to face on two oc¢asions through the year, further supported by online, telephone and email messa8in8 a5 required for the efficient and effective operation of our charity. Th4 Trustees meet a minimurn of twice a y•ar, furth4r support•d byonlin•. t•l•phon• and •m•il m•ssa8in8as faqL*ir•d for the efFicient and effertive operation of our charity. Flnanclal Review The financial Statements show income forthe year of £71,77112024- £57.7431, con91stlng of £62,04912024- £47,608) of donations, £9,49112024- £9,126) of investment income and £23112024- £1,LKBI of bank interest. Scholarships and bursaries of £32,31112024. £28,8CKII were awarded durinB the year. After accounting for administratnie expenses and investment management costs of £18,91212024. £19.4011, the Foundation reported a surplus of income over expenditure of £20,54812024- £9,542). There were realised gains on investments of £164 And Isnrpalisprt gains nn thp invpstmpnts nf f1S1.B971?n?4- f ?n.R?fil Thp Triistpps rnnsiApr thp finanrial Etatp nf affairs to be satisfartory. Investment Pollcy and Perforniance Investment activlties are managed in line with the requirements of the Trustee Art 20C(I. Our investment advisors (Schroder & Co Limited) are instructed to maximise totsl return5 Wlth the constraints of medium to low-ri5k investment portfolio. Reserves Policy The charitvs normal poliry is to generate and maintain adequate funds and reserves for the efficient running of the charlty on a (Jay-to-day basls. Risk Management The Trustees have considered the major risks to which the charTty is exposed and have reviewed those risks and established systems and procedures to manage those risks.
Thè Col¢gravè Seabrook Foundation Scholarship and Burory Maktng Poliry The Foundation has established its scholarship making policy to achieve its objeLts for the public benefit to support the development of the ornamental horticultural Industry by finanang students pursuing a career in this field. The trustees invite applications for scholarships and grants to all students completing horticulture related courses in the UK and Ireland. Students must be attending college, unIverty, or similar educational establishment on a full or part time basis with a view to seeking permanent full-time employment in commercial gr produrtion ornamental horticulture. Trustee< responsibilities in relation to the flnancial statements Ihe trustees are responsible tor preparing the Trustees. Report and the finanual statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustees to prèparefinanual statements foreach financial vearwhith give atrue and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the chartty for that period. In preparing these financial statements. the trustees are required to= Selert sultable accounting polioes and then apply them con5iStentlv. Observe the methods and principles of the Charities SORP. Make judgements and estlmates that are reasonable and pmdent. St3t• wh•th•r appli¢abl• ¥ceot4nting starbdards havg b••n follow•d, Subjert to ahy departures dixlosed and eyplained in the financial ststements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charlty will Continue in business. The trustees are responsible for keeping accounting records whith disdose wr(h reasonable accuraq the financial position of the charity and enable them to ascertain to ensure that the finanoal statements comply with the Charities Art 1993, the Charlty (Accounts and Reports) Regulations 2008 and the provisions of the trsjst deed. They are also r•spon#¢bl• for £•f•8urdin8 th• aG£•ts of th• ¢h•rtty tsnd hence for takÈn8 reaA4ble steps for thc prevention ond detertion of fraud and other irre8vlarttses. The trustees are responsible tor the maintenance and integrity of the charity and finan¢io1 information included on the ¢hariVs website. Approved by the Trustees on and signed on their behalf by. S Lowen
Independent Examinees Report To the Trustees of The Colegrave Seabrook Foundation I report on the accounts of the charity for the year ended 31° December 2025, which are set out on page5 7 to 9. Responsibilities and basis of report A5 the charity trustees of the Trust you a reswnsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the ACVI. I report in respert of my examination of the Trusfs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Direction5 given by the Charity Commission under rtion 1451511bl of the ACL Independent examinerfs ststement I have completed my examination. I confirm that no material matters have come to my attention in connection wlth the examination giving me cause to believe that in any material respert- l. accounting records were not kept in respett of the Trust as required by sertlon 130 of the Act; or 2. the accounts do not accord with those record5.' or 3. the accounts do not comply with the applicable requirements concerning the fomi and content of acc¢unts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters In connertion with the examination to which attention should be drawn in this report in order to enable 3 proper understsndin8 of the accounts to be reached. ritnpttp fiptting FCA FFA PSG Bowdens LLP Unit 14 Craycombe Farm Evesham Road Fladbury Worcestershlre WRIO 2as Dated.. 1&161202
The Colegrave Seabrook Foundation Statement of Financial Activities For the Year Ended 31 December 2025 2024 Total unrestricted funds Total unrestrirted funds INCOME Donations and legades Investments Interest Total 62,049 9.491 231 7L771 47.EQS 9,126 57,743 EXPENDITURE Investment management costs Charitable attivities Administrative expen5CS Total 31311 18.162 51223 18,721 4&201 Net Sncomellexpendlture) 9,542 Net galns/llossesl on In¥estment assets Listed investments Realised Unrealised 164 18,397 47 20,826 14et movement In funds 39,IC8 30,416 Totsl funds brou8htfokvMd LqLS99 251,183 Totsl funds carried forward 320.71 281,599
The Colegravè Seabrook Foundation Balance Sheet As at 31 Oecember 2025 Total unrestricted lund5 Total unrestrfrted funds Fixed assets Investments Current a55ets Cash at bank and in hand 277,076 249,774 44,C61 31245 Credltors; 3mountsfallln8 due wlthln one year 43) 420 NEfASSErs 320,7Ce 281,5S9 Unrestrirted lunds: Income fund TOTAL FUN[6 281,599
Thg Colp.gravp. Sp.abrook Foundation Notes to the Accounts Basis of Preparation The Colegr3ve Seabrook Foundation meets the definition of a public benefit entity under FRS 102. The accounts have been prepared In accordance with Accounting and Keporting by Lharities: statement of Recommended Prartice applicable to Charities preparing their accounL in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Charities Act 2011. The financial statements aro pr•parod on a going conc•rn basis undr the hi£torieal Cost eonvntlOA except for listed investments which are measured at fair value. unless otherwise stated in the relevant accounting policy note. The financial ststements are presented in sterlin& which is the functional currency of the charity rounded to the nearest pound. Accountin8 Policles All Incomels credlted to funds of the mst In Ihe year In whlch IT Is recelvable. All expenditure is recognlsed as soon as there is a legal or constructive obligation committing the charity to pav out resources and are dlrectly attributed to one of the functional categories of resources expended. The Trust Is not registered for value added tax. and so all such tax paid is charged to the statemènt of financial activities. as Part of the expenditure to which it relate& Unrestricted funds comprise accumulated surpluses on the general funds and are availableto use atthe discretion of the Trustees in lurthernnce of the general ¢haritable objertives. Listed investments are ststed at market value. increaselldecreasel on revaluations are transferred tollfroml the Statement of fin8nci81 A¢tivities. Trustees. remuneratlon, benefits and expenses No trustees received any remuneration or other benefits or expenses for the year ended 31" December 2025 or 31" December 2024. Control The charity is under control of its trustees. Listed Investments M¥ke¢ V4w@ Ve@ ai# ais¢ Deomber Otltmber Addrféions Di%p05 2024 2024 Cost Prod5 Marktt Value @ VI¢ 31Jt 31 Profftl treber Dernbel IL0551 2025 2025 164 Charity Mvlti-Asset Fvnd 193229 249.605 800 192593 276,857 193229 2495 164 19Z593 27657 Porrfolio cash 169 169 219 219 193398 249,774 192112 2771)76